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While the program itself is overseen by the Department of Education, the institution that the student is enrolled in will act as the disbursing agent. The Department of Education will then calculate whether the student is eligible for assistance and the office the student sent the original application sent to will send the student a notification whether they were eligible for assistance. The student then delivers this received notification to the institution and will have their grant calculated from there. The institution will both determine and disburse the grant using a schedule that has been created by the Department of Education. Rewards are based on the available funding per institution and how many recipients the institution believe will be eligible for Academic Competitiveness Grants that year.
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To be eligible for Academic Competitiveness Grants, the student is required to be a United States citizen or an eligible non-citizen (this means those with a Alien Registration Card or those with a Arrival Departure Record with specific designations). The student must be enrolled at least half time in a degree program. They also must be eligible for a Federal Pell Grant and in their first or second year of study at either, a two-year or four-year degree-granting institution as previously described. First-year students cannot have been enrolled in undergraduate programs before and second-year student must have at least a cumulative 3.0 GPA for their first year of enrollment.
The total grants were $350,000,000 in 2007; approximately $16,256,000,000 in 2008; and approximately $643,000,000 in 2009. Depending on the need of the student and how much they are assigned, the grant received through the program can range between $750 for students in their first year, and a maximum of $1,300 for students in their second year. Academic Competitiveness Grants assistance cannot exceed the student's actual cost of education. The average reward for students was around $787.
Unfortunately, the U.S. Department of Education, starting in the 2011-2012 financial aid award year no longer funds the Academic Competitiveness Grants program. The reason for this is that the funding had been cut due to budgetary government cutbacks. The program had been operating since July 2006. More information is available at http://studentaid.ed.gov/PORTALSWebApp/students/english/AcademicGrants.jsp
Education Grants for High Achieving Students
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About The Author The author edits a site featuring Grants for Education and another Government Grants site providing info on every grant the federal government offers. Michael Saunders has an MBA from the Stanford Graduate School of Business. |
Additional Government Grants Resources
USAID University Engagement through Higher Education Institution Program
The United States Agency for International Development has recently constituted the USAID University Engagement through Higher Education Institution Program wherein it seeks to hone the knowledge, research skills, and creativity of higher education campuses.
Achieving the Dream Program for First Time Home Buyers in New York
One of the programs of the State of New York Mortgage Agency, is the Achieving the Dream Program wherein it seeks to provide eligible low income first time home buyers with really low down payment mortgage financing programs.
OMICS Technologies For Predictive Modeling of Infectious Diseases Program
In keeping with this mission, the National Institutes of Health has formed a partnership with the National Institute of Allergy and Infectious Diseases (NIAID) in an attempt to establish the OMICS Technologies For Predictive Modeling of Infectious Diseases Program.
Health Resources and Services Administration's Licensure Portability Grant Program
The Health Resources and Services Administration has constituted the Licensure Portability Grant Program (LPGP) wherein they aim to improve the experience of State licensing boards that have manifested a credible record in implementing cross-border activities in order to help overcome licensure barriers in the provision of telemedicine services across various States.
National Institutes of Health: Expanding the Encyclopedia of DNA Elements in Human and Model Organisms
The National Institutes of Health, in cooperation with the National Human Genome Research Institute, has established a funding opportunity to support the Expanding the Encyclopedia of DNA Elements in Human and Model Organisms project.
Developing and Strengthening Services and Systems that Support Family Cohesion and Respond to the Separation of Children in Democratic Republic of Congo
USAID-DRC has established a program entitled Developing and Strengthening Services and Systems that Support Family Cohesion and Respond to the Separation of Children in Democratic Republic of Congo.
What You Need to Know About the Grants Policy Committee
The Chief Financial Officers Council, one of the largest federal agencies that works towards collaboratively improving the process of financial management in the United States Government, has established the Grants Policy Committee(GPC).
Social Entrepreneurship
Spotlight
The Social Innovators of 2014
For 2014, the Schwab Foundation for Social Entrepreneurship has recognized 37 individuals for their outstanding work in the field of social enterprise.
